Simpson Thacher recently represented the administrative agent in connection with the Fourth Amended and Restated Credit Agreement for EQT Corporation (“EQT”). The Credit Agreement provides for aggregate commitments of $3,500,000,000 with an uncommitted option to increase the facility commitments by an additional $1,000,000,000. Simpson Thacher also represented the administrative agent in connection with an amendment to EQT’s existing $1,250,000,000 Term Loan A facility.
The Credit Agreement transaction closed in connection with the merger of EQT and Equitrans Midstream Corporation (“Equitrans”). The merger of EQT and Equitrans creates America's only large-scale, vertically integrated natural gas business.
The Simpson Thacher team included Erland Modesto, Brandan Still, Brandon Barton, Miju Damodar, Matt Warren and Craig Wickham (Banking and Credit).